🔻Axios Pro Rata: Q3 crater
Plus, another debt debacle | Friday, September 30, 2022 Open in app View in browser Axios Pro Rata By Dan Primack · Sep 30, 2022 A reminder to request your invite to The Axios BFD , taking place on Wednesday, Oct. 26 in New York City. More guests to be announced next week. Top of the Morning Illustration: Aïda Amer/Axios We all knew that deal activity slowed in the third quarter, but it still hits different when the meager tally arrives. Driving the news: Global M&A volume was $642 billion between July and September, a 42% drop from the prior quarter and the lowest Q3 figure in a decade, per preliminary figures from Refinitiv. It's also the slowest overall quarter since pandemic-ravaged Q2 2020. U.S. deals were down by a similar percentage, to $278 billion. The number of ...